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President Joe Biden is ensuring that those that have dedicated fraud beneath applications that had been began to convey reduction for companies throughout the pandemic face the implications for his or her actions.
In line with CNN, on Friday, Biden signed two bipartisan payments that will likely be directed at holding these accountable for committing fraud by means of the Paycheck Safety Program or Covid-19 Financial Harm Catastrophe Mortgage Program. The 2 legal guidelines will elongate the time-frame prosecutors should prosecute people who dedicated fraud by means of these applications.
Throughout the signing occasion for the 2 payments, Biden expressed that it was “important to increase the statute of limitations for sure pandemic fraud … to 10 years to verify fraudsters can’t run out the clock.”
Biden continued to share a message for individuals who have dedicated fraud and stated,
“My message to these cheats out there’s this: You may’t cover. We’re going to seek out you. We’re going to make you pay again what you stole and maintain you accountable beneath the legislation.”
Biden additionally shared that the Trump administration didn’t be sure that the reduction from the applications went to the fitting companies.
“Not solely did the Trump administration let the most important companies with the groups of attorneys and accountants to the entrance of the road, my predecessor undermined the watchdogs who had been purported to be on the job to verify reduction went to the mother and pop companies that had been purported to get within the first place,” he stated.
Tune in as I signal two bipartisan payments that may maintain those that commit fraud beneath COVID-19 small enterprise reduction applications accountable. https://t.co/nWDHD1czzc
— President Biden (@POTUS) August 5, 2022
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TSR STAFF: Jade Ashley @Jade_Ashley94
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